Best Decentralized Exchanges (DEXs) in 2021

Even if crypto is relatively new to you, you may have bought or traded Bitcoin, Ethereum, and other assets on a cryptocurrency exchange. Exchanges like Binance and Coinbase are some of the most successful companies in the crypto space; Coinbase, one of the leading exchanges, went public on direct listing earlier this year. Binance, Coinbase, Gemini, Kraken, and others are called "centralized exchanges" because a company controls them and profits by exploiting them. Cryptocurrency Exchange Guide For Beginners What if you don't want to trust a centralized exchange with your money? After all, cryptocurrency is based on the principle of eliminating middlemen. This is where decentralized exchanges or DEXs come into play. What is a decentralized exchange? Decentralized exchanges are one of the main building blocks of the decentralized financial (DeFi) ecosystem. DEX is a platform where users can directly trade cryptocurrencies with each other without an intermediary. For example, a traditional centralized exchange like Binance acts as a custodian on your behalf, and all transactions take place directly in Binance's database rather than on the blockchain itself. While this is a more beginner-friendly trade route, it has its downsides. For starters, a centralized exchange is a single point of failure, meaning you could lose access to your funds if the exchange gets hacked or encounters server issues. Indeed, many centralized exchanges have suffered cutbacks during periods of extreme volatility. There is also the fact that many centralized exchanges require KYC authentication; this means you will need to provide proof of identity such as a driver's license or passport (which means the exchange will not be hacked and potentially expose you to identity theft) and your identity data stolen , DEXs let you

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    CMC Markets 0.7pips. (variable) margin: 3.33%
    IG 0.6pips (fixed) margin: 3.33%
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